Did I mess up?!?!?!?!?

[cmd0906]

I was approved for a capital one (unsecured) for $500.00 at the beginning on Feb. I made a purchase on it for $170.00 already around 2/25 and failed to think about the fact that it has not reported on my CR yet. I don't know if it reports as soon as it's approved or if it goes through a statement cycle before it reports.  My fear is that it will report with this amount on the card. Will this lower my score if it does?

[Laugh]

You can pay the balance off before it reports if its such a problem.

[Simply827]

Unless you're applying for something new in the next month, don't worry about it. The account may take a few statements to show up anyway.

[stevenngu92]

It will probably lower your score if it reports the balance (balance on statement). I'm assuming that this is your only card, so the util % would be above 20%, but honestly it doesn't matter unless you're planning to apply for credit as the util % can always be lowered another month (it's only focused on what the previous month says and isn't cumulative - meaning they don't keep track of your util from a year ago only what has reported last month or this).

[Amerabian]

It should start reporting exactly after the first grace period (or after the first payment) of the first billing cycle.

If they have not reported anything yet, you should give them a call.

If you're late on your first payment.. Call, Pay, THEN ask about the reporting issue to the CRAs

If you're not late on payment, just call and ask them to report that you made a payment on time